This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of molecules targeting the central nervous system, where its structural features are beneficial for modulating receptor activity. Its application extends to the study of neurological disorders, including depression, anxiety, and chronic pain, due to its potential interaction with neurotransmitter systems. Additionally, it is explored in the development of compounds with potential antipsychotic or analgesic properties, making it a valuable tool in medicinal chemistry.